The Minister of Information, Lai Mohammed,has said that the Nigeria Television Authority (NTA) will compete with the likes of Cable News Network (CNN) if the $500 million loan his ministry is seeking for is approved.
The Minister said this when he appeared before the senate committee on local and foreign loans to speak on the importance of the $500 million which is part of the $30 billion loan President Buhari is asking the national assembly to approve.
He said “If this project is approved, there will be more visibility for our people in the music, fashion and film industries. In 2014, we made $23 million from music alone and about $53 million in 2019 and we are looking forward to making $83 million in 2025. You can imagine the kind of growth we will have if only we digitise all the NTA stations in the country.”